Chicago | Reuters — U.S. corn futures gained 1.5 per cent on Wednesday, supported by concerns that hot and dry weather in the U.S. Midwest could cut into harvest yields, traders said. Soybean futures also were firm, recovering from sharp declines after the U.S. Agriculture Department’s monthly world agricultural supply and demand estimates (WASDE) report […] Read more
U.S. grains: Corn, soybean futures rise
Chicago wheat ends weaker
Larger spring wheat crop expected in U.S.
USDA expects reduced total worldwide wheat crop
MarketsFarm — Early indications point to a much larger spring wheat crop in the United States in 2022 compared to the drought-stricken 2021 crop despite the late seeding, according to the latest production estimates from the U.S. Department of Agriculture. In USDA’s first official production estimates of the growing season breaking out the different wheat […] Read more
U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand
Larger corn, soybean supplies in forecast
Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more
U.S. grains: Soy, corn firm on weather worries
CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report
Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less […] Read more
USDA attaché alters call on China’s ending stocks
MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more
U.S. grains: Futures fall on recession fears, Midwest rains
U.S. crop ratings lower than trade expected
Chicago | Reuters — U.S. corn, soybean and wheat futures fell to multi-month lows on Tuesday, joining a broad sell-off in crude oil and equity markets tied to fears of a global economic recession and waning demand for commodities, analysts said. Beneficial rains in portions of the U.S. Midwest over the Independence Day weekend bolstered […] Read more
U.S. soybean acres come in below expectations
MarketsFarm – Farmers in the United States seeded fewer soybean acres than original intentions and slightly more corn, according to updated acreage estimates from the U.S. Department of Agriculture, released June 30. Total soybean area in the country for the 2022 growing season was pegged at 88.30 million acres by the government agency. That compares […] Read more
CBOT weekly outlook: U.S. interest rate decision could shake futures
Heat in forecast keeping U.S. corn supported
MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) were certainly affected by the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released last Friday — but may be shaken again after the U.S. Federal Reserve decided to raise its key interest rate by 0.75 of a point. Ryan Ettner, a commodity broker […] Read more
U.S. grains: Soybeans hit one-week low as financial markets drop
CBOT corn, wheat ease amid inflationary worries
Chicago | Reuters — U.S. soybean futures hit a one-week low on Tuesday and grains declined amid pressure from weak financial markets and concerns about inflation, analysts said. A second straight day of losses in equities and jitters about the economy helped drag down soy futures, after prices for the oilseed neared a record high […] Read more
U.S. grains: Soybean, corn futures slide in broad sell-off
Early heatwave in Western Europe could stress wheat
Chicago | Reuters — U.S. soybean and corn futures fell on Monday as broad-based selling and pressure from losses in other markets overshadowed concerns about unfavourable crop weather, analysts said. Global stocks and government bonds plunged and the dollar hit two-decade highs as red-hot U.S. inflation stoked worries about even more aggressive policy tightening. At […] Read more
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